Canada Pension Plan Investment Board Buys 59,979 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Canada Pension Plan Investment Board boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 138.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,270 shares of the software company's stock after buying an additional 59,979 shares during the period. Canada Pension Plan Investment Board's holdings in Autodesk were worth $30,524,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at about $25,000. Tradewinds Capital Management LLC lifted its stake in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company's stock worth $30,000 after purchasing an additional 50 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Autodesk during the fourth quarter valued at approximately $30,000. Addison Advisors LLC grew its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company's stock valued at $36,000 after purchasing an additional 74 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Autodesk in the 4th quarter worth approximately $37,000. Institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In other news, Director John T. Cahill purchased 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $534,200. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 2,452 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $267.29, for a total transaction of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This represents a 44.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.14% of the company's stock.

Autodesk Trading Up 2.7 %

Shares of NASDAQ:ADSK traded up $7.27 during trading on Thursday, hitting $271.71. 1,303,110 shares of the company's stock were exchanged, compared to its average volume of 1,643,805. The firm has a 50-day moving average price of $265.57 and a two-hundred day moving average price of $286.59. The firm has a market cap of $57.87 billion, a P/E ratio of 53.91, a PEG ratio of 2.94 and a beta of 1.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ADSK shares. JPMorgan Chase & Co. decreased their price target on Autodesk from $300.00 to $280.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Oppenheimer reduced their target price on shares of Autodesk from $350.00 to $300.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Mizuho dropped their target price on shares of Autodesk from $400.00 to $350.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Barclays reduced their price target on shares of Autodesk from $365.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Autodesk from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average price target of $321.36.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.